Simon Quick Advisors LLC bought a new stake in shares of Intel Co. (NASDAQ:INTC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,446 shares of the chip maker's stock, valued at approximately $305,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Intel by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after acquiring an additional 6,143,164 shares during the period. Geode Capital Management LLC lifted its stake in Intel by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock valued at $1,909,761,000 after acquiring an additional 2,978,346 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Intel by 8.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock valued at $1,268,430,000 after purchasing an additional 4,793,927 shares during the last quarter. Norges Bank bought a new position in shares of Intel in the 4th quarter worth approximately $1,246,569,000. Finally, Northern Trust Corp lifted its stake in shares of Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after purchasing an additional 6,157,853 shares during the period. Institutional investors own 64.53% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on INTC shares. Cfra Research upgraded shares of Intel to a "hold" rating in a research note on Friday, April 25th. Citigroup reissued a "sell" rating on shares of Intel in a report on Friday, April 25th. Mizuho reduced their target price on shares of Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Wall Street Zen raised shares of Intel from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Wedbush reduced their target price on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $21.57.
Check Out Our Latest Analysis on Intel
Intel Stock Down 3.0%
Intel stock traded down $0.63 during trading hours on Friday, reaching $20.14. The stock had a trading volume of 87,385,210 shares, compared to its average volume of 83,642,449. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company has a market cap of $87.85 billion, a price-to-earnings ratio of -4.60 and a beta of 1.12. The business's 50 day moving average price is $20.43 and its 200-day moving average price is $21.14. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same period in the prior year, the firm posted $0.18 earnings per share. The business's quarterly revenue was down .4% on a year-over-year basis. Sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current year.
Intel Company Profile
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Free Report)
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.
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